Windsor Management Corp. buys NoMad office building for $59M

Seller of 44 East 32nd Street is Basset Properties

New York /
Dec.December 17, 2018 11:00 AM

Windsor Management’s Matthew Kiamie and 44 East 32nd Street (Credit: Google Maps)

Basset Properties sold the NoMad home of The Cutting Room music venue for $59 million.

Windsor Management Corporation picked up the 12-story building at 44 East 32nd Street, Commercial Observer reported.

“We plan to add value to the building through strategic capital improvement and high-end tenants build-outs,” Windsor Management COO and vice president Matthew Kiamie told the publication.

The deal was first reported on the Traded NY Instagram page.

Newmark Knight Frank’s Paul Davidson, Roy Lapidus, David Noonan, Jennifer Schwartzman and William Lee represented Basset in the sale, while LSL Advisors’ Daniel Lolai negotiated on behalf of Windsor.

Daniel Lolai

Basset bought the 91,111-square-foot building, which was built in 1916, for $510,000 in 1980. The property is 92 percent leased to tenants such as Urban Office, Top Notch Graphics and RPG Media Services.

The Cutting Room – co-founded by “Sex and the City” actor Chris Noth – has been a tenant in the ground floor space since 2013. [CO] – Rich Bockmann


Related Articles

arrow_forward_ios
Edison Properties' Jon Dario and 620 12th Avenue (Edison Properties, Google Maps)
Verizon leases 144K sf from Edison Properties in Hell’s Kitchen
Verizon leases 144K sf from Edison Properties in Hell’s Kitchen
Newmark's Elizabeth Berthelette and 45-18 Court Square (Newmark, Perkins + Will)
Life sciences market notches record despite cooling velocity
Life sciences market notches record despite cooling velocity
33 Howard Street, Dolls Kill's Bobby Farahi (Loopnet, Getty, Sequoia)
Dolls Kill rises in NYC with Soho flagship
Dolls Kill rises in NYC with Soho flagship
GFP Real Estate chairman Jeffrey Gural and 675 Sixth Avenue (Photo Illustration by Steven Dilakian for The Real Deal with Getty Images and GFP Real Estate)
Craft retailer Michaels inks renewal with GFP in Chelsea
Craft retailer Michaels inks renewal with GFP in Chelsea
Sydell Group's Andrew Zobler and rendering of proposed dorm for Bard College students (LinkedIn, Sydell Group)
Sydell launches Brooklyn hotel with dorms for grad students
Sydell launches Brooklyn hotel with dorms for grad students
9/11 Tribute Museum co-founder Jennifer Adams-Webb and 92 Greenwich Street (Getty Images, 9/11 Tribute Museum)
Lower Manhattan’s 9/11 Tribute Museum shuts doors
Lower Manhattan’s 9/11 Tribute Museum shuts doors
Ares CEO Michael Arougheti (Getty)
Ares pays $139M for NJ industrial complex
Ares pays $139M for NJ industrial complex
Pastor Gregory Fryer and the Immanuel Lutheran Church at 120 and 122 East 88th Street (Getty Images, Immanuel NYC, Jim.henderson, CC0, via Wikimedia Commons)
Thou Shalt Not Sell: Lutheran group sues to stop church’s deals
Thou Shalt Not Sell: Lutheran group sues to stop church’s deals
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...